Raymarine confirms acquisition of Belamarin, its distributor in Norway and Sweden

July 2011

Raymarine UK Limited, a global leader in the manufacture and supply of electronic products to the leisure marine market, has confirmed its acquisition of Belamarin AS and Belamarin AB, the Raymarine distribution companies for Norway and Sweden. Belamarin AS, headquartered in Rygge, Norway, is one of the longest-established Raymarine distributors.

The two new organisations will continue to be headed by Hans-Christian Grande, supported by his team handling sales, distribution, servicing and repair in Norway and Stefan Berne managing the sales team in Sweden. Hans-Christian Grande said, “I am delighted to be able to continue supporting our Raymarine customers in Norway and Sweden, and look forward to renewed growth as a result of this acquisition.”

This move completes Raymarine’s planned strategy for the Nordic Region, having acquired its Finnish distributor in 2008, now Raymarine Finland, and having created Raymarine Danmark in 2010.

Raymarine’s Director of Sales and Marketing Andy King said, “Our strategy over a number of years has been to support customers, in major markets, through wholly owned and dedicated Raymarine sales offices. Belamarin has an outstanding reputation as an excellent Raymarine distributor in both Norway and Sweden, and this move enables the new dedicated Raymarine team to work more closely with boat builders, dealers, retailers and boat owners themselves.”

About FLIR Systems

FLIR Systems, Inc. is
a world leader in the design, manufacture, and marketing of sensor systems that
enhance perception and awareness. FLIR's advanced systems and components are
used for a wide variety of thermal imaging, situational awareness, and security
applications, including airborne and ground-based surveillance, condition
monitoring, navigation, recreation, research and development, manufacturing
process control, search and rescue, drug interdiction, transportation safety,
border and maritime patrol, environmental monitoring, and chemical, biological,
radiological, nuclear, and explosives (CBRNE) threat detection. For more
information, visit FLIR’s web site at www.FLIR.com.

About Raymarine:

Raymarine, a world
leader in marine electronics, develops and manufactures the most comprehensive
range of electronic equipment for the recreational boating and light commercial
marine markets. Designed for high performance and ease of use, the
award-winning products are available through a global network of dealers and
distributors.

The Raymarine product
lines include radar, autopilots, GPS, instruments, fishfinders, communications,
and integrated systems. Headquartered in Fareham UK, Raymarine is a division of
FLIR Systems, a world leader in thermal imaging. For more information about
Raymarine please go to www.raymarine.com.